The Iron Rules of the Crypto World
From being empty-handed to achieving a life of trading cryptocurrencies, I have summarized the '13 Iron Rules of Crypto Trading.' Each word is precious and holds great value; I recommend keeping it!
First Rule: Preserve your capital to survive long in the market.
Capital is the lifeline and must be firmly protected! Many overlook risks in pursuit of high returns and end up suffering heavy losses.
Second Rule: As long as you are not greedy, making a profit is actually quite simple.
Maintain a stable mindset; earning a little less can actually make it easier to accumulate wealth.
Third Rule: Concentrate investments, do not go all in, and follow the market trend.
Avoid blindly diversifying investments and refrain from putting all your capital at risk; adjust your strategy according to market trends.
Fourth Rule: Avoid heavy positions, do not stubbornly hold on, and trade less.
Control your position size; do not stubbornly hold onto losses; moderate trading is sufficient.
Fifth Rule: Enter calmly, exit decisively, and implement stop-loss resolutely.
Do not rush to buy; make quick decisions when selling, and strictly adhere to your stop-loss level once set.
Sixth Rule: The profits in the market are limitless, but losses can be bottomless.
Do not be greedy for money that cannot be fully earned, as losses can potentially deplete everything.
Seventh Rule: Once a stop-loss is triggered, exit immediately.
Stop-loss is a protection for your account and should not be hesitated upon.
Eighth Rule: Long-term and short-term, cashing in is the safest strategy.
Whether you are in for the long or short term, you must ultimately ensure you cash in safely.
Ninth Rule: The unchanging truth of the market is that extremes must reverse.
Regardless of rises or falls, there is a limit, and a reversal is inevitable.
Tenth Rule: If there is no opportunity, do not operate; missing out is not frightening.
Do not force yourself to seize every opportunity; capturing a portion is already sufficient.
Eleventh Rule: Waiting for the right opportunity is more important than blindly operating.
Do not rush to find trading opportunities; patiently waiting is more beneficial.
Twelfth Rule: After reaching your target, stop trading; maintain your energy and do not be greedy. After completing your daily goals, exit at the right time to reserve energy for the next trade.
Thirteenth Rule: Stop-loss is self-imposed, while profit is a gift from the market.
Stop-loss is the responsibility of the investor, whereas profit is the market's reward.
Having experienced three cycles of bull and bear markets, I have professional analysis strategies, professional solutions, long-term layouts, and am a gold medal trader. If you like me, please follow me.
